Palmdale, CA Housing Market Report

The Palmdale real estate market is currently undergoing a period of stabilization and inventory expansion, signaling a shift toward more buyer-friendly conditions. As of December 2025, the median home value stands at $494,952, reflecting a modest year-over-year decline of 2.34%. While the broader Los Angeles-Long Beach-Anaheim metro area remains competitive, Palmdale is seeing a significant 11.53% increase in active inventory, reaching 18,566 units. This surge in available homes, combined with a median of 65 days on market—an increase of nearly two weeks compared to last year—suggests that the frantic pace of previous years has cooled, giving buyers more leverage and time to conduct due diligence.

Price trends over the last six months indicate a resilient recovery following a mid-year dip. After hitting a low point in August 2025 at $493,438, home values have climbed steadily for four consecutive months. This incremental growth suggests that while the market corrected slightly from its peak, demand for affordable housing in the Antelope Valley remains consistent. The sale-to-list ratio currently sits at exactly 1, meaning homes are generally selling for their asking price. This indicates that sellers have adjusted their expectations to match current market realities, leading to a balanced environment where neither party holds an overwhelming advantage.

Looking ahead, the Palmdale market offers a unique entry point for those priced out of the coastal Los Angeles basin. With rents remaining high at a median of $2,643, the transition to homeownership remains an attractive financial move for many residents. Sellers should be prepared for longer wait times and must ensure their properties are priced accurately to compete with the growing inventory. For buyers, the current climate provides a rare window of opportunity to negotiate on repairs or closing costs, though the recent upward trend in monthly values suggests that waiting too long could result in higher entry costs as the market regains momentum.